Break coming on peak hydro pricing – next spring

Hydro Meter

It’s cold comfort now, but running the air conditioner and other appliances will cost less starting next May when the Ontario government cuts evening power prices two hours earlier, at 7 p.m.

The change in rates for about one million Ontarians on smart meters and time-of-use pricing will be announced Tuesday by Energy Minister Brad Duguid as he sets out a new long-term energy plan, a senior government source told the Star.

It follows last week’s announcement from Premier Dalton McGuinty’s Liberals—under constant fire for rising hydro rates—that consumers will get a 10 per cent price break on their bills starting in January, about $153 for the average homeowner.

Click here for the full article